1a. You deposit $1,275 today in a savings account. You earn 3.75% compounded monthly. You deposit an additional $350 at the end of each month. At the end of 4 years, you withdraw the balance of $19,576. What is the n-value?
1b. You deposit $1,275 today in a savings account. You earn 3.75% compounded monthly. You deposit an additional $350 at the end of each month. At the end of 4 years, you withdraw the balance of $19,576. What is the present value?
1c. You deposit $1,275 today in a savings account. You earn 3.75% compounded monthly. You deposit an additional $350 at the end of each month. At the end of 4 years, you withdraw the balance of $19,576. What is the periodic rate?